IVE Group Limited (IVE or the Company) today announces its intention, as part of its ongoing capital management strategy, to conduct an on-market share buy-back program of up to 10% of the Company’s ordinary shares (There are currently approximately 148.2 million ordinary shares on issue).
Given the current share price, the Directors are of the view that an on market buy-back program represents a flexible and efficient capital management initiative that benefits shareholders and reflects confidence in the Company’s ongoing performance.
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